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Tag Archives K.C. wheat

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Crops, Markets, Spring Wheat

Prairie cash wheat: Prices booked remarkable upswing in 2021

U.S. wheat futures well up on year

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MarketsFarm — There were huge gains in wheat prices in Western Canada this past year. Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats shot up by $200 per tonne or more, while those for Canada Western Amber Durum (CWAD) spiked well in excess of $400 per tonne. Significant increases in U.S. […] Read more
CBOT March 2022 wheat (candlesticks) with K.C. March 2022 wheat (yellow O/H/L/C). (Barchart)
Crops, Markets, Reuters

U.S. grains: Winter wheat futures rise on demand, crop woes

CBOT soybeans up, corn down

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Chicago | Reuters –– U.S. winter wheat futures rose on Monday on global demand and concerns about poor crop weather in America’s Plains region, while concerns about unfavourable dryness in parts of South America helped lift U.S. soy futures, analysts said. Traders focused on weather conditions after crop observers in Kansas said hurricane-force winds that […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids show small gains

Minneapolis, K.C. March wheats up on week

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MarketsFarm — Growing drought concerns in the U.S. and improved export numbers led to higher bids for western Canadian wheat for the week ended Thursday. However, a mid-week selloff on the futures market held back some gains. The southern U.S. Plains, which are a growing area for hard red winter wheat, have been affected by […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Lower U.S. prices pull back bids

U.S. March wheat futures down on week

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MarketsFarm — Wheat bids in Western Canada retreated by double digits for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats, while those for Canada Western Amber Durum (CWAD) declined more moderately. Significant decreases in U.S. wheat markets and a stronger Canadian dollar combined to weaken Prairie prices. Average CWRS (13.5 protein) […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed, watching futures and currency

U.S. wheat futures down on week

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MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5.20-$10.10 per tonne, according to price quotes from a cross-section […] Read more
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Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Red springs rising, durum retreats

U.S. wheat futures up on week

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MarketsFarm — Cash bids on the Prairies climbed higher for Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR) wheats, but those for Canada Western Amber Durum (CWAD) incurred sharp decreases. Gains in most U.S. wheat markets led to the increases on the Prairies, which were also aided by a weaker Canadian […] Read more
MGEX December 2021 wheat (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Falling Minneapolis futures weigh on Prairie bids

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MarketsFarm — A sharp drop in Minneapolis spring wheat futures weighed on cash wheat bids across the Prairies during the week ended Thursday, but declines in the Canadian dollar provided some support and helped temper losses somewhat. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, […] Read more
Kansas City December 2021 wheat (candlesticks) with CBOT December 2021 wheat (orange line) and MGEX December 2021 wheat (green line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy ease on profit-taking

Canada's latest export disruptions supportive

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Chicago | Reuters — U.S. wheat futures closed lower on Thursday, with K.C. hard red winter wheat and MGEX spring wheat falling from multiyear peaks on a round of profit-taking. Declines were kept in check by concerns about tight supplies and strong demand, factors that pushed Paris wheat to a 14-year high. Profit taking also […] Read more
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Crops, Markets, Spring Wheat

Prairie cash wheat: Bids jump after USDA projects cuts

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MarketsFarm — A larger-than-expected cut in the U.S. Department of Agriculture’s (USDA) latest supply and demand forecast, plus rising wheat futures in anticipation of tighter worldwide supply, led to higher bids for western Canadian wheat for the week ended Thursday. USDA on Tuesday trimmed world wheat ending stocks to 275.8 million tonnes, down 1.38 million […] Read more

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